The mean of analysts' price targets for NV5 (NVEE) points to a 36.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Investors interested in stocks from the Technology Services sector have probably already heard of NV5 Global (NVEE) and Amplitude, Inc. (AMPL). But which of these two companies is the best option for those looking for undervalued stocks?
NV5 Global (NVEE) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.29 per share a year ago.
Conestoga Capital Advisors, an asset management firm, has published its investor letter for the fourth quarter of 2024, which you can download here. For the second year in a row, U.S. stock indices finished the year with returns in the double digits, following modest gains in the last quarter of 2024. However, Conestoga's investment strategies faced challenges due to the excitement surrounding various investments.
Polen Capital, an investment management firm, published its fourth-quarter 2024 investor letter for the "Polen U.S. Small Company Growth Strategy." You can download the letter here. The Russell 2000 Growth Index shows that U.S. small cap growth stocks grew by 1.7% in the fourth quarter and saw a 15% increase over the entire year of 2024.
HOLLYWOOD, Fla., Feb. 06, 2025 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), NV5, a provider of technology, certification, and consulting solutions, announced today that it has been awarded $5 million in substation design contracts by Northeast utilities. These projects will strengthen electrical grid reliability and support the resiliency of New York and New Jersey utility infrastructure. The contract awards continue the expansion of NV5's relationship with Northeast electric utilities and promotes double-digit organic growth with the Northeast utility sector.
HOLLYWOOD, Fla., Jan. 28, 2025 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, certification, and consulting solutions, will announce its financial results for the fourth quarter ended December 28, 2024, on Thursday, February 20, 2025, following the close of the markets. The Company will host an earnings conference call at 4:30 p.m. Eastern time the same day.
HOLLYWOOD, Fla., Jan. 06, 2025 (GLOBE NEWSWIRE) -- NV5, a provider of technology, certification, and consulting solutions, announced today that it intends to repurchase up to $20 million of NV5's common stock during the next open trading period. The repurchase is in accordance with the $100 million stock repurchase program that was previously approved by the NV5 Board of Directors.
HOLLYWOOD, Fla., Dec. 23, 2024 (GLOBE NEWSWIRE) -- NV5, a provider of technology, conformity assessment, and consulting solutions, announced today that it has been awarded a $5 million, five-year contract by the Georgia Department of Transportation (GDOT) to lead the Watkinsville Bypass project connecting SR 24 and SR 15 in Oconee County, Georgia. NV5 will deliver a full suite of services, including geomatics, environmental studies, roadway and bridge design, hydraulic and hydrological analysis, traffic and geotechnical engineering, right-of-way services, and erosion control.
HOLLYWOOD, Fla., Dec. 16, 2024 (GLOBE NEWSWIRE) -- NV5, a provider of technology, certification, and consulting solutions, announced today that it has been awarded $10 million in contracts by the U.S. Geological Survey (USGS) to provide high-precision geospatial services to support essential geological research across multiple regions. These contracts will provide USGS with the critical data needed to advance the Earth Mapping Resources Initiative (Earth MRI) program, supporting the identification and management of critical minerals in the United States. Demand for critical minerals is growing to support the energy independence transition, and identification of domestic sources reduces dependence on international suppliers.